About this report
The impact of COVID-19 on the insurance sector in Poland has been noticeably across various product classes e.g. falling premium in car insurance or growing premium in property/accident insurance. However, the overall effect on the sector can be assessed as close to neutral. Premium in non-life segment remained flat in Q1-Q3 2020 if compared to the same period of the previous year. By contrast, within life insurance, premium contracted by ~3% YoY, however, the fall was not directly connected to COVID-19 but rather, it was a continuation of a long-term declining trend in life insurance-based investment products suffering from increasingly restrictive regulations. Tighter regulations are also quoted among triggers of recently observed consolidation. A few new M&A deals were announced in 2020, including withdrawal of AXA - to be acquired by Uniqa and Aegon to be purchased by VIG. Moreover, an even bigger transaction is in the cards for 2021 as Aviva considered disposing its Polish business For more information on recent developments in the Polish insurance sector, please refer to the full publication.
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Insurance market in Poland, 2026-2028
Poland's insurance market has delivered a record year, according to the latest edition of Inteliace Research's annual analysis. Insurers wrote more than PLN 90 billion of gross premium in 2025, nearly PLN 66 billion in non-life and almost PLN 25 billion in life, and growth continued into 2026: premiums in the first half rose 7.1% year on year to PLN 47.3 billion.
Insurance market in Poland, 2025-2027
Poland's insurance market continues to demonstrate exceptional resilience and growth potential, according to the latest comprehensive analysis from Inteliace Research. Despite broader economic uncertainties, the sector is capitalizing on the country's position as one of the EU's fastest-growing economies, with total insurance premiums estimated to surpass PLN 90 billion (€21 billion) by end-2025. The Polish economy's remarkable 2.9% GDP growth in 2024, with projections accelerating to 3.2-3.6% in 2025, provides a solid foundation for insurance sector expansion. Recovering consumption patterns, moderating inflation now at 2.9%, and rising wage levels are creating favorable conditions for both life and non-life insurance growth. Market dynamics reveal interesting competitive shifts. While PZU maintains its dominant position with 44% and 27% market share in life and non-life segments respectively, mid-tier competitors like Warta (Talanx) are gaining ground through organic growth strategies, notably surpassing PZU in the large motor TPL segment. The non-life segment continues outperforming expectations, projected to reach PLN 66 billion (€15.5 billion), significantly outpacing the life segment at PLN 24.5 billion (€5.7 billion). Digital transformation is reshaping distribution channels, with price comparison platforms expanding rapidly and providing enhanced consumer choice while intensifying competition. Corporate agents and multi-agents now account for the largest sales volume portion, while direct insurer distribution gradually declines in importance. Looking ahead, the medium-term outlook through 2027 remains highly favorable. Strong private consumption, investment activity, and wealth accumulation support new premium growth, with combined life and non-life premiums forecast to exceed PLN 103 billion (€24+ billion) by 2027. Poland's commanding 39% share of the Central and Eastern Europe insurance market, valued at ~€53 billion, underscores its regional significance. For more information on recent developments in the Polish insurance sector, please refer to the full publication.
Insurance market in Poland, 2024-2026
As of H1 2024, Poland, with nearly €19.2 billion in gross written premiums (GWP), accounted for approximately 39% of the total regional premium in Central and Eastern Europe. (CEE14*) Poland’s insurance sector experienced solid premium growth in 2023, with these trends continuing through the first half of 2024. The non-life segment performed particularly well, with premiums increasing by 12% year-on-year in H1 2024. In the life insurance segment, growth was lower but still significant, with premiums rising nearly 5% on an annual basis. Consistent with long-term trends, a small number of top insurers continue to expand their market share, while the collective share of smaller players is declining. This trend is likely driven by recent mergers and acquisitions (M&A) and the economies of scale enabling larger insurers to offer more competitive rates. The mid-term outlook for premium income remains positive. Projections suggest that from 2024 to 2026, the nominal growth of gross written premium (GWP) will remain stable, albeit slightly below historical averages, at approximately 8% for the non-life segment and 5% for the life segment. By 2026, combined life and non-life insurance premiums are expected to exceed PLN 98 billion (EUR 23+ billion). For more information on recent developments in the Polish insurance sector, please refer to the full publication.